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Zoom+Care settles differences with major investor

By The Oregonian
Published: October 4, 2017, 4:57pm

PORTLAND — Zoom+Care and Endeavour Capital had declared war and were about to engage in what could have been a protracted and bloody courtroom battle.

But then calmer minds prevailed.

The Portland-based chain of health clinics and its largest investor settled their differences Wednesday. Endeavour dropped the breach of contract lawsuit it filed last week and agreed to invest another $24 million in Zoom.

“We’ve been able to come to terms,” said Stephen Babson, of Endeavour. “We looked at what would be gained by going to court. I think everyone recognized this wasn’t the most productive route.”

“The important thing is they’re investing in the company and the current management team,” said Len Bergstein, a spokesman for Zoom.

The settlement solves one of Endeavour’s major issues: the deadlock on the company’s board of directors. Marty Barrick has agreed to become Zoom’s fifth director, joining the two Endeavour representatives and two Zoom officers.

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